Qualitative and temporal aggregation

Abstract

Behavioral assumptions, rational or otherwise, are not solid enough to be eligible as first principles of theoretical economics. Hence all endeavors to lay the formal foundation on a new site and at a deeper level actually need no further vindication. The present paper suggests three non-behavioral axioms as groundwork and applies them to the analysis of qualitative and temporal aggregation in the pure consumption economy. It turns out that the structural axiom set is self-similar with regard to the differentiation of the household- and business sector as well as to the sequencing of time.

Item Type:

MPRA Paper

Original Title:

Qualitative and temporal aggregation

Language:

English

Keywords:

New framework of concepts; Structure-centric; Axiom set; General equilibrium; Supersymmetry

Mill, J. S. (2006). A System of Logic Ratiocinative and Inductive. Being a Connected View of the Principles of Evidence and the Methods of Scientific Investigation,
volume 8 of Collected Works of John Stuart Mill. Indianapolis, IN: Liberty Fund.